TotalEnergies Moves 1 Billion from Wind to US Oil and Gas
The US and TotalEnergies will redirect 1 billion dollars from wind to oil and gas today. Total will be reimbursed for leases and halt new US wind projects.
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The United States and the energy giant based in France, TotalEnergies SE, have reached a significant agreement to pivot capital away from renewable energy initiatives. According to an announcement made on Monday, nearly $1 billion originally slated for offshore wind leases will be redirected toward domestic oil and natural gas production.
